Power News

September 19, 2023

Gov’t prepares to launch reserve market on Dec. 26

By Alena Mae S. Flores – September 18, 2023, 7:50 pm from manilastandard.net The Department of Energy plans to start the full commercial operations of the reserve market on Dec. 26, 2023. The reserve market allows for the trading of […]
September 19, 2023

ADB, WB propose $2.67-b fund to retire, convert coal power plants

By Alena Mae S. Flores – September 17, 2023, 9:50 pm from manilastandard.net Three multilateral banks proposed a financing program to the government worth $2.67 billion to voluntarily expedite the retirement and repurposing of coal-fired power plants, mitigate the impact […]
September 19, 2023

NIA, SN Aboitiz plan 390-MW Ifugao dam

By Alena Mae S. Flores – September 17, 2023, 9:40 pm from manilastandard.net The National Irrigation Administration signed a memorandum of understanding with SN Aboitiz Power Corp. (SNAP) on the conduct of feasibility study for the proposed 390- megawatt Alimit […]
September 18, 2023

Gov’t eyes $2.67b to retire, convert coal power plants

By Alena Mae S. Flores – September 17, 2023, 9:50 pm from manilastandard.net The government proposed a financing program worth $2.67 billion to expedite the retirement and repurposing of coal-fired power plants, mitigate the impact of the transition to the […]
September 18, 2023

Power rates on downtrend since January

By Alena Mae S. Flores – September 17, 2023, 8:55 pm from manilastandard.net Electricity rates have been on a downward trend since January 2023, the Department of Energy (DOE) said over the weekend. “It is important to note the decreasing […]
September 18, 2023

Five ACEN floating solar projects set for expedited ‘green lane’ processing

By Justine Irish D. Tabile – September 14, 2023 | 8:29 pm from Business World THE Board of Investments (BoI) said it endorsed five ACEN Corp. floating solar projects for “green lane” treatment, gaining access to an expedited application and licensing process […]
September 16, 2023

Meralco: ERC approval to cancel supply contract ‘not necessary’

By Alena Mae S. Flores – September 15, 2023, 9:35 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) said Friday the Energy Regulatory Commission’s (ERC) approval to terminate the power supply agreement (PSA) contract between a distribution utility and […]
September 16, 2023

ERC approves amended price scheme for reserve market

By Alena Mae S. Flores – September 15, 2023, 8:50 pm from manilastandard.net The Energy Regulatory Commission (ERC) granted preliminary approval to the application of Philippine Electricity Market Corp. (PEMC) and the Independent Electricity Market Operator of the Philippines Inc.  […]
September 15, 2023

Meralco eyes electric coops to reach more provinces

By Alena Mae S. Flores – September 14, 2023, 9:35 pm from manilastandard.net Power retailer Manila Electric Co. (Meralco) plans to expand its distribution network through electric cooperatives, a top executive said Thursday. “There is one last idea that I […]
September 15, 2023

First Gen, CENECO sign 20-MW supply contract

By Alena Mae S. Flores – September 14, 2023, 9:15 pm from manilastandard.net First Gen Corp. said Thursday it signed a contract with Central Negros Electric Cooperative for 20 megawatts of baseload supply. The signing concluded CENECO’s competitive selection process […]